Monaco Grand Prix to continue in Formula 1 until 2031

The Monaco Grand Prix will continue to be one of the hallmark stops on the Formula 1 calendar until at least 2031. The contract extension, recently announced by the category and the Automobile Club of Monaco, puts an end to doubts about the event's continuity on the narrow streets of the principality, which have been criticized for the lack of overtaking opportunities and the low level of on-track action.

The agreement extends the partnership between Monaco and Formula 1 beyond 2025, the expiration date of the previous contract. As part of this new deal, the Grand Prix will change its date, moving from its traditional spot in late May to the first weekend of June starting in 2026. This shift avoids overlapping with the Indianapolis 500 and the Coca-Cola 600, partially affecting the tradition of the well-known "Super Sunday" of motorsport. Although these events did not overlap due to timing differences, the fact that they no longer share the same day may take away some of the historic charm of this day for fans.

Stefano Domenicali, CEO of Formula 1, emphasized the importance of preserving the history and uniqueness of the Monte Carlo circuit, which has been part of the championship since 1950 and has become a reference point for drivers and fans. Domenicali also expressed his gratitude to all those involved in the negotiations, including Prince Albert II of Monaco and Michel Boeri, president of the Automobile Club of Monaco, who played a crucial role in ensuring the Grand Prix's future.

The financial aspect has also been a key factor in the renewal of this agreement. Monaco, known for maintaining one of the lowest fees for hosting Formula 1 events, has reportedly agreed to a significant increase in this fee to secure its spot on the calendar. The improved commercial revenues of the Grand Prix have also been supported by a recent agreement between F1 and luxury conglomerate LVMH, adding greater economic appeal to the event's continuity.